Caleres Sets Ambitious Goals for Next Five Years in Inaugural ESG Report
23 April 2021 - 6:30AM
Business Wire
Today, Caleres (NYSE: CAL) published its first environmental,
social, governance (ESG) report, Caleres Cares … Feet First. The
report covers Caleres’ activities in 2020 and establishes ambitious
commitments for the next five years.
“At Caleres, how we do business has always been as important as
how much business we do,” said Diane Sullivan, Chairman and CEO.
“In the face of many challenges in 2020, our Associates have
demonstrated remarkable creativity and determination. I am excited
to highlight their efforts in our first ESG report and share our
accomplishments to date. I know this passion and energy will carry
forward as we pursue, track and report on our 2025
commitments.”
The inaugural ESG report is the result of the company’s broader
efforts to formalize its approach to ESG, complete a materiality
assessment, and establish a strategic ESG framework that will be
used to track its progress in future years.
Notable 2025 commitments include:
- Use environmentally preferred materials in 100% of Caleres
products and shoeboxes
- 25% of footwear sold in Famous Footwear will use
environmentally preferred materials
- Reclaim, recycle, or refurbish 90,000 pairs of shoes each
year
- Reduce waste by 50% in Caleres’ strategic sourcing supplier
base, with 100% of strategic sourcing suppliers contributing to
waste reduction
- Reduce energy consumption by 25% in Caleres-owned retail stores
and distribution centers
- Ensure 100% of strategic factories are socially compliant and
employ leading global social working standards
The report also spotlights Caleres portfolio brands’ individual
sustainability initiatives and charitable endeavors in 2020 –
including product donations for frontline healthcare workers during
the COVID-19 pandemic – and adds to Caleres’ long history as a
trusted footwear company and community member.
View the full “Caleres Cares …Feet First” report here or visit
www.caleres.com for more information on our ESG promises.
About Caleres
Caleres is the home of today’s most coveted footwear brands and
represents a diverse portfolio spanning all of life’s styles and
experiences. Every shoe tells a story and Caleres has the perfect
fit for every one of them. Our collections have been developed and
acquired to meet the evolving needs of today’s assorted and growing
global audiences, with consumer insights driving every aspect of
the innovation, design, and craft that go into our distinctly
positioned brands, including Famous Footwear, Sam Edelman,
Naturalizer, Allen Edmonds, Vionic, Dr. Scholl’s Shoes, and more.
The Caleres story is most simply defined by the company’s mission:
Inspire people to feel great…feet first.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210422006043/en/
Investor Contact:
Logan Bonacorsi lbonacorsi@caleres.com
Media Contact: Kelly Malone kmalone@caleres.com
Caleres (NYSE:CAL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Caleres (NYSE:CAL)
Historical Stock Chart
From Apr 2023 to Apr 2024